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Florencia is from Philippines. She needs a loan of $425 to buy additional merchandise.
Florencia is from Philippines. She needs a loan of $425 to buy additional merchandise.
Florencia has a thriving Sari-sari store (convenience store) in the community of Mabinay, Negros Oriental. She started her business in 2008 and dreams of making her store bigger. However, she lacks the financial capital she needs to expand her business.
With a loan from World Vision Florencia will be able to buy additional merchandise to sell, including items that she did not previously offer. She hopes to continue serving her neighborhood with affordable products and a variety of items to choose from. Any additional income will go towards her family's daily consumption and reinvestment in her business.
Retail is a quick and scalable way to begin earning a profit. Many entrepreneurs begin with stalls at markets or even at home and need a loan to expand or increase their inventory. Others may be ready to open a small store. Goods purchased from loan funds range from clothing, grocery or sundry items to jewelry, candy, perfume or health and beauty supplies. Loans in the commerce sector account for around 33% of our loans.
The community of Mountain View is located in a boot-shaped province on Negros Island in the Philippines. Home to Mt. Kanlaon, an active volcano, the area is rich with natural resources. With convenient access to a variety of markets, the community is emerging as a promising frontier for investors.
Economic activities revolve around agriculture, fishery, and forestry. Environmental degradation is a pressing concern. The region has been identified as one of the lowest income-earning areas in the country. Families struggle to acquire proper nutrients, and some do not have access to clean water. Malnutrition and disease are constant concerns. Families are hindered by poor road conditions, and many children drop out of school.
In Mountain View, World Vision has provided community members with key employment skills, including training in food processing and assistance in livestock rearing. We have also provided medical and housing assistance, supplemental food for malnourished children, fees and materials for children to attend school, and educational support for child laborers.
Thank you for supporting a small business loan for Florencia Alegado to expand her food and retail business. After receiving the loan from World Vision, she invested the $425 to buy additional merchandise.
Florencia has been repaying her loan on time with her new profits. She makes weekly payments of $21.
In addition to repaying her loan, Florencia is using additional income to purchase food for the family, buy supplies in bulk and expand the current business.
Thank you for supporting Florencia and World Vision Micro!
Florencia Alegado has successfully repaid her small business loan. She invested the $425 for her commerce business.
Thanks to the loan that she received, Florencia was able to use the profits from her business to purchase food for her family and expand the current business. In the future, Florencia aspires to earn enough to repair or expand their home and expand the current business.
Her loan has been repaid in full, 100%.
These loan funds are now available to help another worthy entrepreneur in her community. Thank you for supporting Florencia and World Vision Micro!
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